Reform of VAT rules in the EU

The European Commission https://ec.europa.eu/commission/index_en launched on 4th October 2017 plans for the largest reform of VAT rules in the EU in a quarter of a century. The reboot will improve and modernize the system for governments and businesses. Overall, over €150 billion of VAT each year is lost; which means that Member States lose revenues that could be used for schools, roads and health care.